Property News · September 27, 2016

Hong Kong office property landlords race to sell as mainland buyers push up prices


Landlords of office properties in some of Hong Kong’s less upmarket areas are rushing to dispose of their assets in a bid to take advantage of a buying frenzy by mainlanders, according to agents.
International property consultant CBRE said it has been appointed as the joint agent for the disposal of a basket of commercial properties in Wan Chai Commercial Centre on Johnston Road, Wan Chai, by public tender. The estimated market value is around HK$450 million.
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Source : South China Morning Post
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